Selling a US property and moving funds to UK

We own a property in the US and are planning to sell it and move the proceeds to the UK.

What are the financial implications of this -- obviously we'd pay Capital Gains tax on the sale itself, and declare the sale on our tax return for the year,  but are there other financial hits we would take?  If so,  what are they?

when you find the answer let me know 

We did exactly that......but in our case we came out about even on the house sale so it had almost no effect on our taxes. I used TurboTax for our taxes and it just plugs into the questions that the program asks as you go along. Other than that I don't think there was any other issue. We then just moved it with xe.com (there are a number of online sites that do this) to our bank account in the UK. The larger amount being moved required us to jump through some hoops to make sure we weren't money launderers and had to get permission to move up to $200K in one shot.

Hi,

You'll need to use a specialist currency exchange specialist in order to get the best possible exchange rate.

After the Brexit vote, the value of the US Dollar against the UK Pound has increased so you'll get more UK Pounds for your US Dollars!

Larger amounts will of course make a substantial difference to the money you'll get in Pounds, just remember the fees etc needed.

Look to;

http://www.hifx.co.uk/
https://www.moneycorp.com/uk/

and do compare to XE.com and any special offers your bank might have

Cheers, DtM! West London & Slough UK!